LXP Form 4: Director Noe Receives 3,782 Shares; Holds 54,064 Indirectly

Rhea-AI Filing Summary

Nancy Elizabeth Noe, a director of LXP Industrial Trust (LXP), reported an acquisition of 3,782 common shares on 10/02/2025 at an average price of $8.5923 per share. After the transaction, she directly owns 3,782 shares and indirectly holds 54,064 shares through a trust, with a note that 3,948 common shares were transferred from direct to indirect ownership. The filing states the 3,782 shares were issued as quarterly trustee fees calculated at the average closing price for the quarter. The reporting person disclaims ownership except to the extent of her pecuniary interest.

Positive

• 3,782 common shares acquired as quarterly trustee fees
• Total indirect beneficial ownership reported as 54,064 shares

Negative

• None.

Insights

Corporate Governance Analyst

Director Noe received 3,782 shares as trustee fees and holds 54,064 indirectly.

The Form 4 discloses a non‑market purchase: 3,782 common shares were issued on 10/02/2025 as quarterly trustee fees at an average price of $8.5923. Such issuances reflect compensation rather than an outright open‑market investment.

The filing also shows a transfer of 3,948 shares from direct to indirect ownership and a disclaimer of ownership beyond pecuniary interest, clarifying beneficial ownership structure.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Noe Nancy Elizabeth

(Last) (First) (Middle)

C/O LXP INDUSTRIAL TRUST

515 N. FLAGLER DRIVE, SUITE 408

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LXP Industrial Trust [ LXP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	10/02/2025		A		3,782	A	$8.5923(1)	3,782	D
Common Shares								54,064	I	By Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Quarterly trustee fees issued at the average closing price over the quarter

2. Reporting person disclaims ownership of reported securities except to the extent of her pecuniary interest therein. 3,948 common shares transferred from direct to indirect.

Remarks:

	Nancy Elizabeth Noe, by Joseph S. Bonventre, Attorney-in-Fact	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did LXP director Nancy Elizabeth Noe report on Form 4?

She reported an acquisition of 3,782 common shares on 10/02/2025 issued as quarterly trustee fees at $8.5923 per share.

How many LXP shares does Nancy Noe beneficially own after the transaction?

The filing shows 3,782 shares owned directly and 54,064 shares owned indirectly through a trust.

Were any shares transferred between direct and indirect ownership?

Yes. The filing notes 3,948 common shares were transferred from direct to indirect ownership.

Does Nancy Noe claim full ownership of the reported shares?

No. The filing states she disclaims ownership of the securities except to the extent of her pecuniary interest.

What was the price used to value the trustee fee shares?

Quarterly trustee fees were issued at the average closing price for the quarter, reported as $8.5923 per share.